Northeast Investors Correlations

NTHEX Fund

USD 3.74 0.01 0.27%

The current 90-days correlation between Northeast Investors Trust and Guggenheim Large Cap is 0.14 (i.e., Average diversification). The correlation of Northeast Investors is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Northeast Investors Correlation With Market

Average diversification

The correlation between Northeast Investors Trust and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northeast Investors Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northeast Investors Trust. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Northeast Mutual Fund

0.69	BHYCX	Blackrock Hi Yld	Pair Corr
0.73	BHYIX	Blackrock High Yield	Pair Corr
0.73	BHYSX	Blackrock Hi Yld	Pair Corr
0.73	BHYAX	Blackrock High Yield	Pair Corr
0.82	FAHHX	American Funds American	Pair Corr
0.83	FTAHX	American Funds American	Pair Corr
0.79	AHTFX	American High Income	Pair Corr
0.76	AHTCX	American High Income	Pair Corr
0.86	VTSAX	Vanguard Total Stock	Pair Corr
0.87	VFIAX	Vanguard 500 Index	Pair Corr
0.86	VTSMX	Vanguard Total Stock	Pair Corr
0.86	VSMPX	Vanguard Total Stock	Pair Corr
0.86	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VITSX	Vanguard Total Stock	Pair Corr
0.87	VFINX	Vanguard 500 Index	Pair Corr
0.87	VFFSX	Vanguard 500 Index	Pair Corr
0.91	RQECX	Resq Dynamic Allocation	Pair Corr
0.8	RYVYX	Nasdaq 100 2x	Pair Corr
0.9	FEMDX	Franklin Emerging Market	Pair Corr
0.86	FPURX	Fidelity Puritan	Pair Corr
0.67	SCRYX	Small Cap Core	Pair Corr
0.78	RWSIX	Redwood Systematic Macro	Pair Corr
0.87	FXAIX	Fidelity 500 Index	Pair Corr
0.82	FBALX	Fidelity Balanced	Pair Corr
0.84	RCILX	Alternative Credit Income	Pair Corr
0.8	GRSPX	Greenspring Fund Retail	Pair Corr
0.92	WAEXX	Western Asset Premier	Pair Corr
0.74	DPG	Duff And Phelps	Pair Corr
0.65	VSMVX	Vanguard Sp Small	Pair Corr
0.8	VWELX	Vanguard Wellington	Pair Corr
0.87	USPRX	Sp 500 Index	Pair Corr
0.87	FCNTX	Fidelity Contrafund	Pair Corr
0.82	VNSNX	Vaughan Nelson Select	Pair Corr
0.89	CSQ	Calamos Strategic Total	Pair Corr

Related Correlations Analysis

	SECIX	VWNEX	TIGGX	VEXRX	VFORX	STRLX	SWLGX	GMSMX	SMGXX
SECIX		0.99	0.95	0.95	0.81	0.98	0.94	0.96	0.27	SECIX
VWNEX	0.99		0.96	0.97	0.82	0.98	0.93	0.97	0.24	VWNEX
TIGGX	0.95	0.96		0.95	0.91	0.97	0.96	0.93	0.27	TIGGX
VEXRX	0.95	0.97	0.95		0.81	0.96	0.92	0.99	0.17	VEXRX
VFORX	0.81	0.82	0.91	0.81		0.86	0.83	0.76	0.31	VFORX
STRLX	0.98	0.98	0.97	0.96	0.86		0.95	0.96	0.3	STRLX
SWLGX	0.94	0.93	0.96	0.92	0.83	0.95		0.91	0.31	SWLGX
GMSMX	0.96	0.97	0.93	0.99	0.76	0.96	0.91		0.16	GMSMX
SMGXX	0.27	0.24	0.27	0.17	0.31	0.3	0.31	0.16		SMGXX
	SECIX	VWNEX	TIGGX	VEXRX	VFORX	STRLX	SWLGX	GMSMX	SMGXX

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Risk-Adjusted Indicators

There is a big difference between Northeast Mutual Fund performing well and Northeast Investors Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Northeast Investors' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SECIX	0.51	0.01	(0.03)	0.14	0.33	(0.65)	1.20	(0.72)	3.31
VWNEX	0.56	(0.01)	(0.05)	0.11	0.42	(0.67)	1.10	(0.94)	3.76
TIGGX	0.51	(0.03)	(0.08)	0.08	0.60	(0.59)	1.17	(0.95)	3.26
VEXRX	0.76	(0.02)	0.01	0.11	0.84	(0.81)	1.62	(1.54)	5.78
VFORX	0.43	(0.03)	(0.14)	0.07	0.49	(0.44)	0.92	(0.78)	2.62
STRLX	0.67	0.01	0.02	0.13	0.58	(0.76)	1.56	(1.21)	4.93
SWLGX	0.71	0.01	0.00	0.14	1.04	(0.68)	1.67	(2.11)	5.14
GMSMX	0.84	0.00	0.05	0.12	0.80	(0.98)	1.98	(1.38)	6.31
SMGXX	0.03	0.00	0.00	0.48	0.00	0.00	0.00	0.00	1.01

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Northeast Investors Correlations

Northeast Investors Correlation With Market

Average diversification

Moving together with Northeast Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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